Page 4 - Jsw Infrastructure

JSW Infra extends rally, up 7% on capex Plans; BNP Paribas raises target

Shares of JSW Infrastructure zoomed 6.92 per cent at Rs 338 per share on the BSE in Wednesday's intraday deals

JSW Infra okays Rs 2,359 cr capex for expansion at Jaigarh, Dharamtar ports

The amount will be utilised to expand the cargo handling capacity of its Jaigarh and Dharamtar ports along the west coast of India

JSW Infrastructure approves Rs 2,359 cr capex for capacity expansion

JSW Group firm JSW Infrastructure Limited on Monday said it has approved a capex of Rs 2,359 crore for the capacity expansion at its Jaigarh and Dharamtar Port. As a part of the company's FY2030 growth plan to increase capacity to 400 million tonnes per annum (MTPA) from the existing capacity of 170 MTPA, the Board of the respective subsidiary companies has approved a total capacity expansion plan of 36 MTPA (21 MTPA at Dharamtar and 15 MTPA at Jaigarh), a statement said. The capex plan includes mechanical, civil, and electrical work for the new berths and additional infrastructure like railway siding for Jaigarh Port to boost third-party cargo movement, it added. According to the statement, the expansion will increase the overall capacity of Jaigarh Port to 70 MTPA from the current 55 MTPA and Dharamtar Port to 55 MTPA from 34 MTPA at present. This expansion primarily aims to cater to the increased cargo volume of the anchor customer on the back of the proposed 5 MTPA steel-making

JSW Infra zooms 5% as Fitch revises rating to' BB+' with outlook 'positive'

JSW Infrastructure share price surged 5 per cent at Rs 324.85 per share on the BSE in Monday's intraday deals

JSW Infrastructure eyes end-to-end logistics play: CEO Arun Maheshwari

Inland logistics present great opportunity, says CEO Arun Maheshwari, after acquiring Navkar

JSW Infrastructure's shares slump 7% after subdued Q1; check details

Share prices of JSW Infrastructure slipped as much 7.52 per cent at Rs 311 per share on the BSE in intraday deals of Friday.

JSW Infrastructure Q1 results: Net profit fall 9% on higher expenses

Its consolidated net profit fell to Rs 292 crore (about $35 million) in the quarter ended June 30 from Rs 321 crore in the year-ago period

'JSW Infra to reassess strategy for Tajpur port if it comes for re-bidding'

Indicating that the company is still interested in the mega Tajpur deep sea port in West Bengal, JSW Infrastructure Ltd said that it remains open to re-evaluate its strategy for the project "if the project comes for re-bidding", a senior official said. JSW Group had failed to emerge as the winning bidder in the last tendering round, where Adani Ports and SEZ Ltd (APSEZ) had emerged as the L1 bidder in October 2022, and a Letter of Intent to Award (LOIA) was handed over to the company. However, Chief Minister Mamata Banerjee's announcement at the Bengal Global Business Summit (BGBS) in November 2023 that a tender would soon be launched for the development of the port. This has led to a cloud of uncertainty around the mega deep-sea port project. Banerjee had announced that the proposed deep-sea port at Tajpur is ready for tender, which would attract an investment of USD 3 billion or Rs 25,000 crore. JSW Infrastructure Joint Managing Director and CEO Arun Maheswari told PTI: "We will

JSW Infra hits 52-week high after acquiring stake in Navkar Corporation

Shares of JSW Infrastructure soared up to 5.3 per cent, hitting its 52-week high at Rs 336 per share on the BSE in Friday's intraday deals

JSW Infra buys 70.4% stake in logistics firm Navkar Corp for Rs 1,013 cr

An open offer will be made to the rest of the shareholders of Navkar Corporation which will cost around Rs 412.17 cr

JSW Cement to invest Rs 3K cr to set up manufacturing unit in Rajasthan

JSW Cement on Tuesday said it plans to invest around Rs 3,000 crore to set up a cement manufacturing facility in Nagaur district of Rajasthan. The greenfield, integrated facility will be funded by a mix of debt and equity, the company said. The investment in the new facility includes a clinkerization unit of up to 3.30 MTPA (million tonnes per annum) and a grinding unit of up to 2.50 MTPA, said a statement from JSW Cement, a part of USD 24.25-billion JSW Group. The new plant will also have an 18 MW waste heat recovery-based power generation system, it added. "The proposed investment will be funded through a mix of equity and long-term debt," it said. This new plant is also expected to create more than 1,000 direct and indirect job opportunities, JSW Cement said. The investment also includes around 7-km overland belt conveyor to transport limestone from mines to the manufacturing plant and arrangements to use alternative fuel in the kiln. JSW Cement Managing Director Parth Jindal

Nifty Midcap index at new high; Dixon, Endurance, JSW Infra soar up to 14%

In the past six trading days, the index has outperformed by surging 5.4 per cent, as compared to 2.4 per cent rise in the Nifty 50.

JSW Infrastructure to enter Adani bastion for piece of commercial cargo

Firm to bid for mega projects like Rs 77,000 crore Vadhavan Port, Rs 44,000 crore Nicobar Port

JSW Infra Q4 result: Net profit up 10% at Rs 330 cr on higher cargo volumes

The company, part of steel-to-energy conglomerate JSW Group, said consolidated net profit rose to Rs 330 crore ($39.6 million) in the quarter, from Rs 300 crore a year ago

JSW Infra Q4FY24 results: Net profit rises 9.8% to Rs 330 crore

The company's revenue from operations rose by 19.8 per cent to Rs 1,096 crore on a year-on-year basis. Sequentially, the core revenue was up by 16.6 per cent

JSW Energy announces completing Rs 5,000 cr QIP to fund growth plans

The company, in a disclosure earlier, had said the proceeds would be used for investments in JSW Neo Energy, a subsidiary which holds green energy assets and repayment of certain borrowings

JSW Infrastructure incorporates arm to execute project at JNPT in Maha

JSW Infrastructure on Wednesday said it has incorporated a wholly-owned subsidiary for the execution of a port project at JNPT in Maharashtra. JSW JNPT Liquid Terminal Pvt Ltd has been incorporated on March 13, in Mumbai, according to a regulatory filing. The company said it has received a Letter of Intent (LoI) from Jawaharlal Nehru Port Authority for equipping, operation, maintenance and transfer of additional liquid cargo berths LB3 and LB4 at the port. The terms of LoI require the incorporation of a special purpose vehicle to enter into a concession agreement within 30 days of the issue of LoI. "Accordingly, the company has incorporated a new entity for the purpose of entering into the said concession agreement and to fulfil the obligations as stated in the said agreement," JSW Infrastructure said.

JSW to invest Rs 65,000 cr for integrated steel complex in Odisha

Plant will also have a captive power plant, cement manufacturing unit, township, jetties

JSW Infra Q3 results: Profit doubles to Rs 251 cr on higher cargo volumes

The company's consolidated net profit rose to Rs 251 crore (about $30 million) in the October-December quarter, from Rs 115 crore a year ago, sending the shares up by 4%

Import influx, post-festival slack in demand prompt steel price correction

According to market sources, steel companies have corrected the list price by 2-3 per cent for December to align with the levels at which the market was operating